CROWD: RED
Active holders jumped 239 to 236 recently. Ten years of our own data says fast institutional pile-ins mark late money, not early money. Careful chasing this.
Active holders
236
of 460 total, index funds excluded
This quarter
+58
60 out
Conviction
3 bps
median holder weight: token bet
Streak
0q
consecutive rising quarters
The crowd, 2016 to now
active holders per quarter
2016Mar 2026
Holdings as of Mar 31, 2026, filed by May 16, 2026. Counts for the newest quarter keep settling for a few weeks as amendments land.
The tide
funds in (up) vs out (down)
Top holders
by reported value · $3.4B held
Fund
Value
Note
BlackRock, Inc.
$550M
VANGUARD PORTFOLIO MANAGEME…
$218M
DIMENSIONAL FUND ADVISORS LP
$199M
AMERICAN CENTURY COMPANIES …
$159M
VANGUARD CAPITAL MANAGEMENT…
$149M
RENAISSANCE TECHNOLOGIES LLC
$141M
STATE STREET CORP
$135M
FIRST TRUST ADVISORS LP
$123M
River Road Asset Management…
$108M
Boston Partners
$96M
Tourists vs true believers
every holder a dot · right = bigger bet in their own book, up = patient money
Hover any dot for the fund and its bet size. Patience is measured from each filer's actual quarter-to-quarter turnover across our whole database.